Copper futures down on weak global cues, low demand
05/02/2018
Copper futures down on weak global cues, low demand
05/02/2018 12:31
Copper futures were trading lower in the domestic market on Monday as traders trimmed positions amid a weak trend overseas and sluggish demand in the spot market.
Marketmen attributed the weakness in copper prices to a weak trend in base metals at the London Metal Exchange (LME) and tepid demand from consuming industries in the domestic spot market.
At the MCX, copper futures for February 2018 contract was trading at Rs 452.70 per kg, down by 0.01 per cent, after opening at Rs 452.70, against a previous close of Rs 452.75. It touched the intra-day low of Rs 451.45 (at 12:35 hours).
05/02/2018
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Copper futures down on weak global cues, low demand
05/02/2018 12:31
Copper futures were trading lower in the domestic market on Monday as traders trimmed positions amid a weak trend overseas and sluggish demand in the spot market.
Marketmen attributed the weakness in copper prices to a weak trend in base metals at the London Metal Exchange (LME) and tepid demand from consuming industries in the domestic spot market.
At the MCX, copper futures for February 2018 contract was trading at Rs 452.70 per kg, down by 0.01 per cent, after opening at Rs 452.70, against a previous close of Rs 452.75. It touched the intra-day low of Rs 451.45 (at 12:35 hours).
